Wilsey Asset Management Inc. Takes $213,000 Position in Willdan Group, Inc. (NASDAQ:WLDN)

Wilsey Asset Management Inc. acquired a new position in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,227 shares of the construction company's stock, valued at approximately $213,000. Willdan Group comprises about 0.0% of Wilsey Asset Management Inc.'s portfolio, making the stock its 24th biggest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WLDN. Nuveen Asset Management LLC boosted its holdings in shares of Willdan Group by 136.0% in the 4th quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company's stock worth $7,925,000 after purchasing an additional 119,888 shares during the period. Principal Financial Group Inc. boosted its stake in Willdan Group by 9.0% during the fourth quarter. Principal Financial Group Inc. now owns 8,207 shares of the construction company's stock worth $313,000 after buying an additional 677 shares during the period. Deutsche Bank AG increased its position in Willdan Group by 358.0% during the fourth quarter. Deutsche Bank AG now owns 34,935 shares of the construction company's stock valued at $1,331,000 after acquiring an additional 27,308 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Willdan Group by 47.0% in the fourth quarter. Ameriprise Financial Inc. now owns 91,269 shares of the construction company's stock valued at $3,476,000 after acquiring an additional 29,169 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Willdan Group by 116.8% in the fourth quarter. Bank of America Corp DE now owns 21,843 shares of the construction company's stock valued at $832,000 after acquiring an additional 11,770 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Willdan Group

In related news, Director Thomas Donald Brisbin sold 22,459 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $52.34, for a total value of $1,175,504.06. Following the completion of the sale, the director now owns 422,454 shares in the company, valued at approximately $22,111,242.36. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Creighton K. Early sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $53.28, for a total value of $266,400.00. Following the completion of the transaction, the chief financial officer now directly owns 72,071 shares in the company, valued at approximately $3,839,942.88. This trade represents a 6.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,000 shares of company stock worth $4,994,075. Insiders own 8.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WLDN shares. Wall Street Zen downgraded shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th. Wedbush raised Willdan Group to a "strong-buy" rating in a research note on Monday, March 10th.

Willdan Group Trading Up 2.5%

WLDN stock traded up $1.43 during midday trading on Wednesday, reaching $58.97. The company's stock had a trading volume of 133,914 shares, compared to its average volume of 141,896. Willdan Group, Inc. has a 1 year low of $27.19 and a 1 year high of $59.15. The firm has a market capitalization of $855.07 million, a price-to-earnings ratio of 34.89 and a beta of 1.23. The stock has a fifty day simple moving average of $46.58 and a two-hundred day simple moving average of $40.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.61 and a current ratio of 1.61.

About Willdan Group

Willdan Group, Inc, together with its subsidiaries, provides professional, technical, and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.